London is preparing to host a major international conference on the threat from cyber security attacks.
Representatives of 60 nations are gathering to discuss how to tackle the rising levels of cybercrime.
It comes a day after intelligence agency GCHQ warned that cyber attacks on the UK were at "disturbing" levels.
Foreign Secretary William Hague convened the London Conference on Cyberspace, and urged a "global co-ordinated response" on policy.
Experts attending the two-day conference include EU digital supremo Neelie Kroes, with leading cybersecurity experts and technology entrepreneurs such as Wikipedia founder Jimmy Wales, Cisco vice-president Brad Boston and Joanna Shields, a senior executive at Facebook.
US Secretary of State Hillary Clinton had been due to attend, but cancelled the trip on Monday night after her 92-year-old mother fell ill.
'Very real threat'On Monday, Baroness Pauline Neville Jones, the prime minister's special representative to business on cybersecurity, said Russia and China - who are both attending the conference - were some of the worst culprits involved in cyber-attacks.
And Iain Lobban, the head of GCHQ, warned that a "significant" attempt was made to target the computer systems of the Foreign Office and other government departments over the summer.
Some reports at the time quoted intelligence sources as saying China was responsible for that attack.
With cybercrime estimated to cost (�600bn) a year worldwide, Mr Lobban, writing in the Times ahead of the summit, warned that the "disturbing" levels of illegal activity online represented "a very real threat to our prosperity".
Britain said it wanted to develop a set of international "rules of the road", establishing "norms of acceptable behaviour" in cyberspace, while stopping short of a full treaty advocated by some countries.
Mr Hague said a "collective endeavour" was needed to tap into the "enormous potential" of cyberspace.
"How to ensure we can all reap the benefits of a safe and secure cyberspace for generations to come is one of the greatest challenges we face," said Mr Hague.
"The response does not lie in the hands of any one government or country but it is too important to be left to chance. This needs to be a collective endeavour, involving all those who have a stake in cyberspace.
"The ideas and proposals we hope to emerge from the conference will develop into the 'London Agenda' - an inclusive and focused approach to help us realise the enormous potential cyberspace offers for a more prosperous, safe and open networked world."
The government has put aside �650m of additional funding to help tackle computer-based threats over the next four years, Mr Hague added.
'Drain the swamp'Ross Anderson, professor of security engineering at Cambridge University, said there had been a "great growth" in cybercrime over the past six years.
As many as 5% of PCs are infected with malware - short for malicious software - Prof Anderson said, and there was a one in 20 risk that any given computer was sending spam without the owner's knowledge.
"If you want to defend against this kind of threat it's not enough to just shoot a few crocodiles, you have to drain the swamp," Prof Anderson told BBC Radio 4's Today programme.
"We need action against the whole ecology of cybercrime, not purely defensive measures to protect, for example, the Foreign Office."
Misha Glenny, author of Dark Market, which looks at the issue of cybercrime, said those involved were not, on the whole, engaged in traditional organised criminal activities.
But he added: "We're seeing a migration of traditional organised crime groups over into cyber, exploiting a new type of person engaged in crime who tends to be young, technically sufficient, very good at maths and physics, but perhaps not your traditional criminal figure in the outside world."
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